The Chronicle News Blog: For-Profit College Could Face Return of $4.5-Million in Student-Aid Funds
Interboro Institute, a for-profit college in New York City owned by the EVCI Career Colleges Holding Corporation, could be required to repay $2.5-million to the U.S. Department of Education and $2-million to the State of New York in student-aid funds that it may not have been entitled to, the company announced today.
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